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Miniso Group Holding Priced, NYSE: MNSO

Chinese discount retailer selling branded lifestyle and home goods.

Industry: Consumer Discretionary

Latest Trade: $13.30 0.00 (0.0%)

First Day Return: +4.4%

Return from IPO: -33.5%

Industry: Consumer Discretionary

We are a fast-growing global value retailer offering a variety of design-led lifestyle products. Within seven years since we opened our first store in China in 2013, we have built our flagship brand “MINISO” as a globally recognized retail brand and established a massive store network worldwide. As of June 30, 2020, we served consumers primarily through our network of over 4,200 MINISO stores, of which we directly operated 129, including over 2,500 MINISO stores in China and over 1,680 MINISO stores across over 80 countries and regions in the rest of the world. Our revenue reached RMB9.0 billion (US$1.3 billion) in the fiscal year ended June 30, 2020. The aggregate GMV of products sold through our network reached RMB19.0 billion (US$2.7 billion) in 2019, making us the largest global branded variety retailer of lifestyle products, according to the Frost & Sullivan Report. Aesthetically pleasing design, quality and affordability are at the core of every product we deliver. In the fiscal year ended June 30, 2020, we offered consumers a wide selection of approximately 8,000 core SKUs, the vast majority of which are under our flagship brand “MINISO.” These products span across 11 major categories, including home decor, small electronics, textile, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts.
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IPO News for Miniso Group Holding
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IPO Data
IPO File Date 09/23/2020
Offer Price $20.00
Price Range $16.50 - $18.50
Offer Shares (mm) 30.4
Deal Size ($mm) $608
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/14/2020
Offer Price $20.00
Price Range $16.50 - $18.50
Offer Shares (mm) 30.4
Deal Size ($mm) $608
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Guangzhou, China
Founded 2013
Employees 3,011
Website www.miniso.com